DekaBank Deutsche Girozentrale Cuts Position in The Charles Schwab Corporation (SCHW)

DekaBank Deutsche Girozentrale decreased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,654 shares of the financial services provider’s stock after selling 5,619 shares during the period. DekaBank Deutsche Girozentrale’s holdings in The Charles Schwab were worth $5,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. WCM Investment Management CA boosted its stake in shares of The Charles Schwab by 8.6% during the third quarter. WCM Investment Management CA now owns 981,914 shares of the financial services provider’s stock valued at $42,949,000 after purchasing an additional 78,129 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of The Charles Schwab by 0.8% during the third quarter. Teacher Retirement System of Texas now owns 487,121 shares of the financial services provider’s stock valued at $21,307,000 after purchasing an additional 3,852 shares during the period. Rhumbline Advisers boosted its stake in shares of The Charles Schwab by 0.9% during the third quarter. Rhumbline Advisers now owns 2,000,721 shares of the financial services provider’s stock valued at $87,512,000 after purchasing an additional 18,554 shares during the period. Advisor Group Inc. boosted its stake in shares of The Charles Schwab by 6.9% during the third quarter. Advisor Group Inc. now owns 47,996 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 3,100 shares during the period. Finally, Moody Lynn & Lieberson LLC purchased a new stake in shares of The Charles Schwab during the third quarter valued at $2,808,000. Institutional investors and hedge funds own 79.84% of the company’s stock.

In other news, EVP Bernard J. Clark sold 75,244 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $43.98, for a total transaction of $3,309,231.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marie A. Chandoha sold 6,018 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $44.06, for a total transaction of $265,153.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,764,883 shares of company stock worth $82,007,128. Corporate insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation (SCHW) traded up $2.05 during mid-day trading on Monday, hitting $51.55. 13,058,446 shares of the company’s stock traded hands, compared to its average volume of 7,080,299. The stock has a market capitalization of $66,358.52, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.74. The Charles Schwab Corporation has a 1-year low of $37.16 and a 1-year high of $51.89. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21.

The Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. The Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. sell-side analysts expect that The Charles Schwab Corporation will post 1.62 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, November 9th. The Charles Schwab’s payout ratio is 20.51%.

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of The Charles Schwab from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Credit Suisse Group assumed coverage on shares of The Charles Schwab in a research note on Thursday. They set an “outperform” rating and a $55.00 target price for the company. Barclays boosted their target price on shares of The Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Morgan Stanley upped their price objective on shares of The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $49.00 price objective on shares of The Charles Schwab in a research note on Friday, September 15th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The Charles Schwab currently has an average rating of “Buy” and an average price target of $47.56.

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The Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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